U.S.: Dry Peas Market 2022

Dry Peas Market Size in the U.S.

The U.S. dry peas market skyrocketed to $X in 2021, rising by X% against the previous year. Overall, consumption recorded buoyant growth. Dry peas consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Dry Peas Production in the U.S.

In value terms, dry peas production reached $X in 2021. Over the period under review, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

The average yield of peas (dry) in the United States reached X tons per ha in 2021, approximately mirroring the previous year's figure. The yield figure increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. The dry peas yield peaked in 2021 and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the dry peas harvested area in the United States was estimated at X ha, approximately equating 2020 figures. Overall, the total harvested area indicated a prominent expansion from 2012 to 2021: its figure increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dry peas harvested area decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to dry peas production reached the maximum at X ha in 2016; however, from 2017 to 2021, the harvested area stood at a somewhat lower figure.

Dry Peas Exports

Exports from the U.S.

In 2021, overseas shipments of peas (dry) decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, dry peas exports contracted to $X in 2021. Over the period under review, total exports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Ethiopia (X tons), Canada (X tons) and China (X tons) were the main destinations of dry peas exports from the United States, together comprising X% of total exports. Yemen, Mexico, Peru, the Philippines, Djibouti, Democratic Republic of the Congo, South Sudan, Cameroon, Kenya and South Africa lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in South Sudan (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ethiopia ($X), Canada ($X) and Yemen ($X) were the largest markets for dry peas exported from the United States worldwide, together accounting for X% of total exports. China, Mexico, Peru, Djibouti, Democratic Republic of the Congo, the Philippines, South Africa, Cameroon, South Sudan and Kenya lagged somewhat behind, together accounting for a further X Sudan, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dry peas export price stood at $X per ton in 2021, surging by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was South Africa ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Peas Imports

Imports into the U.S.

In 2021, purchases abroad of peas (dry) was finally on the rise to reach X tons after two years of decline. In general, imports saw a prominent expansion. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, dry peas imports soared to $X in 2021. Overall, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Canada (X tons) constituted the largest dry peas supplier to the United States, with a X% share of total imports. Moreover, dry peas imports from Canada exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), more than tenfold. Russia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+X% per year) and Russia (+X% per year).

In value terms, Canada ($X) constituted the largest supplier of dry peas to the United States, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+X% per year) and Ukraine (+X% per year).

Import Prices by Country

The average dry peas import price stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-X%), while the prices for the other major suppliers experienced a decline.

Kaynak: IndexBox Platformu